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2150 Eldorado Drive Ne Atlanta, GA 30345

4 Beds 3 Baths 2,808 sqft Built 1962

$375,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $133.55
  • 3 Days on Market
  • MLS # : 6830794
  • Updated Date : 01/30/2021 at 13:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,808 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Everybody wants one! A great big 1960s ranch on a full, partially-finished full basement. Original owner. Mostly original finishes. This was the home of Dick and Jane (seriously), and this wonderful home raised an incredible family and is now looking for its next incredible family. It wants and needs your love! The potential is phenomenal. You could say it's a little sassy, because the front door and foyer are on basement level with stairs going to main level. From the carport you enter the kitchen. Family room and living room are huge!

SEE MORE

MARKET HIGHLIGHTS

  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 2018)
  • Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (USMayors.org, 2018)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • Headquarters to twenty-six Fortune 500 companies: The Home Depot, UPS, Delta Air Lines, The Coca-Cola Company, SunTrust Banks, The Southern Company, AGCO, PulteGroup (Fortune, 2018/ Metro Atlanta Chamber)
  • #1 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: Briarcliff Woods

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $113k518k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Briarcliff Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9732661

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Oak Grove Elementary School Primary Regular 628 39 7
Henderson Middle School Middle Regular 1,578 95 6
Lakeside High School High Regular 2,048 111 7

Oak Grove Elementary School

  • Education Level: Primary
  • # of students: 628
  • # of teachers: 39
7
GreatSchools Rating

Henderson Middle School

  • Education Level: Middle
  • # of students: 1,578
  • # of teachers: 95
6
GreatSchools Rating

Lakeside High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 111
7
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$1,303
Property Tax -$885
Property Insurance -$81
Property Management Fees -$119
CASH FLOW
$322

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$375,000

PROJECTED PRICE

$2,710

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$38,622

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,710

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $3,012

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6953$2,7104$2,8005$2,995
$2,995
RENT COMPS ANALYSIS
  • 2150 Eldorado Drive Ne Atlanta, GA 3
    • 4 beds 3 baths ∙ 2,808 Sqft ∙ Built 1962 4 beds 3 baths ∙ 2,808 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $0.97
    •  
  • 1760 Clairmont Way Ne Brookhaven, GA 1
    • 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 1963
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.05
    •  
  • 2202 Bonnavit Court Ne Atlanta, GA 2
    • 4 beds 4 baths ∙ 2,623 Sqft ∙ Built 1961 4 beds 4 baths ∙ 2,623 Sqft ∙ Built 1961
    LEASED 08/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.03
    •  
  • 1920 Forest Green Drive Ne Atlanta, GA 4
    • 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 1955 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 1955
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.06
    •  
  • 2070 Abby Lane Atlanta, GA 5
    • 4 beds 4 baths ∙ 2,600 Sqft ∙ Built 1956 4 beds 4 baths ∙ 2,600 Sqft ∙ Built 1956
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.15
    •  
PROPERTY LISTING DETAILS
Kathy Ray
1.678.602.1584
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6830794
Last Updated: 01/30/2021
support@investimateroi.com

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. Copyright (c) 2021 First Multiple Listing Service, Inc.

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